Reliance Jio Q3 net profit jumps 28.29%, revenue from operations rise 18%

On a sequential basis, the net profit was up by 2.65 per cent, from Rs 4,518 crore in September 2022

Jio, offers, benefits
BS Web Team New Delhi
1 min read Last Updated : Jan 20 2023 | 7:35 PM IST
Telecom major Reliance Jio posted a net profit of Rs 4,638 crore in Q3FY23 against Rs 3,615 crore, year-on-year (YoY), a jump of 28.29 per cent.

On a sequential basis, the net profit was up by 2.65 per cent, from Rs 4,518 crore in September 2022.

Jio's revenue from operations inflated to Rs 22,998 crore in December quarter from Rs 19,347 YoY, a rise of 18.87 per cent. On quarter-on-quarter basis, the revenue was up 2.11 per cent, from Rs 22,521 crore.

The company's profit before tax (PAT) was reported at Rs 6,222 crore in Q3, up by Rs 1,375 crore, from Rs 4,847 crore, a jump of 28.36 per cent.

Mukesh Ambani, Chairman and Managing Director, Reliance Industries said, "Jio delivered record revenues and EBITDA driven by strong momentum in customer growth and data consumption. This quarter we launched True 5G services. It is now available in 134 cities and towns in India, enhancing customer experience while enabling next generation services. It is heartening that customers recognise the great value and world class connectivity that Jio offers on its 4G and 5G networks.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Reliance JioQ3 resultsMarketsTelecom industry

Next Story